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Russian Oil Product Shipments Rising on Surging Naphtha and Fuel Oil

OIL PRODUCTS
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Russian refined fuel exports have strengthened into the first third of September prompted by higher fuel oil and naphtha exports while diesel has dipped.

  • Petroleum product shipments jumped to 2.8 million barrels a day during the first 10 days of September, the highest rate since March according to Vortexa figures.
  • Diesel and gasoil exports, which account for more than 40% of the Russian fuel flows, slipped by 8% from August levels to the lowest in four months at about 972,000 bpd.
  • Russian naphtha exports surged this month to about 700,000 bpd over the first 10 days – the highest since early 2016.
  • Fuel oil exports - accounting for around a third of fuel flows - jumped by more than 50% m/m to around 919,000 bpd - the highest since February 2022.

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Russian refined fuel exports have strengthened into the first third of September prompted by higher fuel oil and naphtha exports while diesel has dipped.

  • Petroleum product shipments jumped to 2.8 million barrels a day during the first 10 days of September, the highest rate since March according to Vortexa figures.
  • Diesel and gasoil exports, which account for more than 40% of the Russian fuel flows, slipped by 8% from August levels to the lowest in four months at about 972,000 bpd.
  • Russian naphtha exports surged this month to about 700,000 bpd over the first 10 days – the highest since early 2016.
  • Fuel oil exports - accounting for around a third of fuel flows - jumped by more than 50% m/m to around 919,000 bpd - the highest since February 2022.

Keep reading...Show less